{"id":344500,"date":"2020-04-01T10:20:55","date_gmt":"2020-04-01T04:50:55","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=344500"},"modified":"2020-04-01T10:20:55","modified_gmt":"2020-04-01T04:50:55","slug":"natural-gas-prices-cut-by-steep-26-pc-huge-dent-in-ongc-revenues","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/natural-gas-prices-cut-by-steep-26-pc-huge-dent-in-ongc-revenues\/","title":{"rendered":"Natural gas prices cut by steep 26 pc; huge dent in ONGC revenues"},"content":{"rendered":"<p>New Delhi: Natural gas prices on Tuesday were cut by a steep 26 per cent to its lowest rate since the pricing was made formula-driven in 2014, a move that is likely to translate into lower CNG and piped cooking gas prices but also make a huge dent in revenues of producers such as ONGCNSE 7.81 %.<\/p>\n<p>Oil Ministry&#8217;s Petroleum Planning and Analysis Cell (PPAC) said the bulk of India&#8217;s existing gas production will be priced at USD 2.39 per million British thermal unit for the six-month period beginning April 1, down from USD 3.23 as of now.<\/p>\n<p>This will be the second reduction in six months to the lowest since 2014.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: Natural gas prices on Tuesday were cut by a steep 26 per cent to its lowest rate since the pricing was made formula-driven in 2014, a move that is likely to translate into lower CNG and piped cooking gas prices but also make a huge dent in revenues of producers such as ONGCNSE 7.81 %. Oil Ministry&#8217;s Petroleum Planning and Analysis Cell (PPAC) said the bulk of India&#8217;s existing gas production will be priced at USD 2.39 per million British thermal unit for the six-month period beginning April 1, down from USD 3.23 as of now. This will [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-344500","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/344500","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=344500"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/344500\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=344500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=344500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=344500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}